News Digest Item
20 Dec 2017

Terium’s departure a huge surprise, reveals clash over strategy


The surprising and sudden departure of Peter Terium as innogy CEO was in all likelihood not on amicable terms despite the company’s assurances, writes Jürgen Flauger in the business daily Handelsblatt. The supervisory board had probably rejected Terium’s strategy to fuel the company growth with more investments at the expense of profits. “In the end, last week’s profit warning, and especially the sharp drop in share value, was probably the Dutchman’s undoing”, writes Flauger.

Read the article in German here.

Find background in the dossier Utilities and the energy transition.

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